Loans to Help Millions of Consumers in Tightening Credit Market

E-LOAN a nationwide financial services company and privacy advocate, today announced that it will offer federally insured Federal Housing Administration (FHA) loans to consumers as part of a response to the tightening credit market.

"Unfortunately, we are seeing an unprecedented number of homeowners being forced to foreclose on their homes because they cannot afford their newly adjusted mortgage interest rates," said Mr. Lefanowicz. "For many, the flexible guidelines and competitive rates of these FHA mortgage loans will mean the difference between losing their homes and being able to keep their piece of the American dream fully alive."